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Prepare a multiple-step income statement

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Reference no: EM132095863

Question - Presented below is information for Furlow Company for the month of March 2014.

Cost of goods sold

$222,960

Rent expense

$ 30,490

Freight-out

6,030

Sales discounts

7,710

Insurance expense

5,730

Sales returns and allowances

13,080

Salaries and wages expense

56,660

Sales revenue

392,190

Prepare a multiple-step income statement.

Reference no: EM132095863

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